Woodland Crossroads TIC-Engstrom Properties has sold Woodland Crossroads, a 167,000-square-foot retail center in Woodland, Calif. A private capital investment group, affiliated with El Tigre Holdings, acquired the property for $18 million. Cushman & Wakefield represented the seller, while a Keller Williams Realty team acted on behalf of the buyer.

Woodland Crossroads is on the northwestern corner of Matmor Road and East Main Street, less than a mile away from Interstate 5 and the Vic Fazio Highway. The 1985-built property originally had K-Mart as its anchor tenant. Previous ownership implemented a considerable redevelopment program, transforming the asset into a Grocery Outlet-anchored, mid-sized box promotional center. Other national tenants include Ross, Party City, Harbor Freight and Tractor Supply.

“Woodland Crossroads was ideally tenanted to thrive in the era of e-commerce. The property combines value retailing in Ross and Grocery Outlet with the style of hands-on product merchandising of Harbor Freight and Tractor Supply that cannot be replicated online,” said Wald in a prepared statement.